What is an Installment Loan?
An installment loan is a straightforward loan where you borrow a set amount of money and pay it back in equal, scheduled payments (or "installments") over a specific period. Unlike payday loans, which are due in one lump sum, or credit cards with fluctuating payments, an installment loan gives you a clear end date and a predictable monthly payment you can build into your budget.
This structure makes them a great tool for Houstonians looking to finance a significant purchase, consolidate high-interest debt, or cover a major expense without the stress of a looming single due date.
Ideal for a Variety of Needs:
• Consolidating credit card or other high-interest debt
• Financing home improvements or major repairs
• Covering medical expenses or other large, one-time bills
• Making a significant purchase, like a used car or major appliance